MINDEF 20130430002.Pdf
Speech by Deputy Prime Minister and Minister for Finance Mr Tharman Shanmugaratnam at the Commissioning Ceremony of RSS Swordsman 30 Apr 2013 Minister for Defence, Dr Ng Eng Hen, Minister for Transport, Mr Lui Tuck Yew, Senior Parliamentary Secretary for Defence, Dr Maliki, Chief of Defence Force, Chief of Navy, Swedish Ambassador to Singapore Mr Ingemar Dolfe, Distinguished guests, Ladies and Gentlemen, Good afternoon. I am very pleased to be here today for the commissioning of RSS Swordsman into active service of the Republic of Singapore Navy and the Singapore Armed Forces. Strategic Importance of the Sea Lines of Communication Maritime shipping forms the backbone of international trade. More than 90% of the world's trade today is carried by sea with more than half passing through the major sea routes that are funnelled through Southeast Asia. Singapore, therefore, plays a key role in these flows, and in Asia's increased share of global shipping. However, the stability and success of the maritime business depends on the major sea lanes of communication remaining open and secure. The Republic of Singapore Navy (RSN) plays a vital role in this regard. Vital Role of the Republic of Singapore Navy A strong and capable RSN, working in concert with the international community, contributes to the freedom of navigation and the security of shipping in our region. The commissioning of RSS Swordsman today enhances the submarine capability of the RSN and strengthens the Navy's ability to safeguard our continued and unimpeded access to the maritime routes. Indeed, maritime security challenges are evolving and becoming increasingly complex.
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